Swedbank AB Boosts Stake in Stanley Black & Decker, Inc. $SWK

Key Points

• Swedbank AB increased its stake in Stanley Black & Decker by 20.5%, resulting in ownership of 189,085 shares valued at approximately $14.5 million.
• Stanley Black & Decker announced a 1.2% increase in its quarterly dividend to $0.83 per share, with a dividend yield of 4.3%.
• Analyst ratings for Stanley Black & Decker show mixed sentiments, with five analysts rating it as a Buy and five as a Hold, leading to an average price target of $89.40.

Swedbank AB lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 20.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,085 shares of the industrial products company's stock after buying an additional 32,152 shares during the quarter. Swedbank AB owned 0.12% of Stanley Black & Decker worth $14,537,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Focus Partners Wealth boosted its position in Stanley Black & Decker by 56.6% during the fourth quarter. Focus Partners Wealth now owns 5,876 shares of the industrial products company's stock worth $472,000 after purchasing an additional 2,123 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Stanley Black & Decker during the fourth quarter worth about $215,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Stanley Black & Decker by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,089 shares of the industrial products company's stock worth $1,211,000 after buying an additional 657 shares during the period. OMERS ADMINISTRATION Corp lifted its position in Stanley Black & Decker by 20.4% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 6,394 shares of the industrial products company's stock worth $513,000 after buying an additional 1,082 shares during the period. Finally, Mufg Securities Americas Inc. purchased a new position in Stanley Black & Decker during the fourth quarter worth about $183,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

Shares of NYSE:SWK opened at $77.59 on Monday. The company has a market cap of $12.01 billion, a P/E ratio of 24.63, a PEG ratio of 1.71 and a beta of 1.16. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The business's 50-day simple moving average is $72.86 and its 200 day simple moving average is $70.18.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.38 by $0.70. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The company's revenue was down 6.2% on a year-over-year basis. During the same period last year, the business posted $1.09 EPS. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.83 per share. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date is Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a yield of 4.3%. Stanley Black & Decker's payout ratio is 105.40%.

Wall Street Analysts Forecast Growth

SWK has been the topic of several recent analyst reports. Wall Street Zen downgraded Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. The Goldman Sachs Group restated a "neutral" rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Barclays cut their price objective on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company raised their price objective on Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $89.40.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.

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